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Postelection spending cuts feared by many

Yesterday saw a 10,000 strong public sector workers protest with pensioners, trade unionists and students also lining streets of London to protest at expected public-sector service cuts if the Conservative Party gains power at the next election. Despite the fact that all parties will ultimately need to reduce investment in public-sector services after the election, no matter which party wins, there is concern about the level of investment cuts which the Tories could announce.

The very fact that more than 50% of the UK workforce rely upon the state for their income is a concern which many feel needs to be addressed but thousands of job cuts in the public sector will not make good reading for any political party. While there needs to be some cost cutting across the board, including the public-sector, it is difficult to see how the public sector can escape the lion's share of potential investment cuts.

The state controlled employment sector has increased massively under the Labour Party and there are concerns about the ever-increasing burden which this has placed upon UK taxpayers. Pension fund deficits in the public-sector are growing year by year and taxpayers will ultimately be left to bailout these ever-growing deficits, with more and more taxation income being directed at the public-sector.

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